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Jan 24, 2013
01/13
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for spending cuts for every dollar in debt ceiling raised. that is not what you got this time. and you have put the focus on senate democrats, a political tactic, perhaps a very successful one. but is that really a tactical retreat? >> i don't think so at all, chuck. and i was curious to hear steny's comments about this being a gimmick. 86 democrats supported the bill that we had on the floor yesterday, the no budget, no pay, so clearly they didn't think it was a gimmick. this was a bipartisan effort. look, if you look at the goal, we've got to get our fiscal house in order, we've got to balance the budget, and in order to do that, the senate actually has to produce a budget, which they haven't done in nearly four years. the house has had budgets for each of the last two years that actually get to balance. so what we did, in this bill, is to say to the senate, look, you've got to do a budget. families do budgets, businesses do budgets, employers do budgets. the senate has not done a budget in nearly four years, so this is the challenge for th
for spending cuts for every dollar in debt ceiling raised. that is not what you got this time. and you have put the focus on senate democrats, a political tactic, perhaps a very successful one. but is that really a tactical retreat? >> i don't think so at all, chuck. and i was curious to hear steny's comments about this being a gimmick. 86 democrats supported the bill that we had on the floor yesterday, the no budget, no pay, so clearly they didn't think it was a gimmick. this was a...
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Jan 15, 2013
01/13
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the debt ceiling will republicans be able to use the debt ceiling debate as leverage to get big spending cuts? or will it be on the government funding? jinx me is congressman greg walden. member of the leadership and joins me now. congressman, good morning. >> good morning, chuck. good to be with you. >> nice to see you. let me ask you about this issue of whether the debt limit should be used as leverage or whether you are trying to convince your members to say, you know what, the better place to have a debate with the president about spending cuts is on funding with the government. >> first of all, chuck, you just wish the president weren't so adversarial in his tone and the way he deals with the congress. you know, in the past -- >> let me stop -- wait a minute. let me stop threw. >> a lot of people will say adversaryial relationships are a would-way street. >> they are. and that's why we have tried to reach out to the president and offer alternatives. we had a budget that's passed the house each of the last two times. senate hasn't had one in the last three years. look, we immediate t
the debt ceiling will republicans be able to use the debt ceiling debate as leverage to get big spending cuts? or will it be on the government funding? jinx me is congressman greg walden. member of the leadership and joins me now. congressman, good morning. >> good morning, chuck. good to be with you. >> nice to see you. let me ask you about this issue of whether the debt limit should be used as leverage or whether you are trying to convince your members to say, you know what, the...
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Feb 11, 2013
02/13
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designed to force congress the bring down spending to raise the debt ceiling, and it looks like spending will be cut, but not the way anybody wants it to. >> if the sequester is allowed to go on, thousands of americans in fields like national security, education or clean energy are likely to be laid off. >> i don't like the sequester, and i think that it is taking a meat aex to the government a meat ax to many of the programs and it will weaken our national defense. >> there yu go. nobody likes it. okay. but the ut cuts amts to $85 million spread out over seven months from the beginning of march to september 30th, the end of the fiscal year of 2013, and according to the white house it would take a 13% out of defense budgets and 9% on domestic spending. what is at stake? it is civilian federal agencies to chop their budget by more than 8%, and to do it, they would cut workers and programs. for example on the education front, more than 1 million students could lose title one and head start benefits. and senior meals could all be cut on top of agencies like the ads and the social security,
designed to force congress the bring down spending to raise the debt ceiling, and it looks like spending will be cut, but not the way anybody wants it to. >> if the sequester is allowed to go on, thousands of americans in fields like national security, education or clean energy are likely to be laid off. >> i don't like the sequester, and i think that it is taking a meat aex to the government a meat ax to many of the programs and it will weaken our national defense. >> there...
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Jan 7, 2013
01/13
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the whole debt ceiling business. the domestic and defense cuts postpone for two months by the fiscal cliff deal kick in. also known as sequester around these parts. of course, march 27th, the big the continuing resolution that funds the entire government expires. that may be where things truly heat up. mitch mcconnell drew a line in the sand saying though republicans are willing to work on tax reform as part of upcoming budget negotiations, new tax revenue is, "absolutely off the table." >> we've resolved the tax issue now. it's over, it's behind us. >> the tax issue is over. >> the tax issue is over, finished, completed. >> that may be mcconnell's view and not the view from the white house or democrats. they say new revenue is needed, mainly by scaling back tax breaks for the welty. >> these loopholes where people can park their money on some island off shore and not pay taxes, these are things that need to be closed. we can do that and use the money to reduce the deficit. >> is that done now? is the revenue side of
the whole debt ceiling business. the domestic and defense cuts postpone for two months by the fiscal cliff deal kick in. also known as sequester around these parts. of course, march 27th, the big the continuing resolution that funds the entire government expires. that may be where things truly heat up. mitch mcconnell drew a line in the sand saying though republicans are willing to work on tax reform as part of upcoming budget negotiations, new tax revenue is, "absolutely off the...
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Feb 6, 2013
02/13
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good-bye fiscal cliff and debt ceiling, hello to the efforts of delay or suspend the "s" word, the sequester, that automatic defense and spending cut mechanism that's set to take effect on march 1st. on tuesday president obama went public for the first time in a while with his opening offer on the budget battles ahead, and today he goes behind closed doors with senate democrats in their retreat in annapolis to strategize and preview his state of the union addressch the white house wanted to send two messages with the president's visit to briefing room yesterday. one, that the burden of shutting off the sequester is on congress. >> if congress can't act immediately on a bigger package, they should at least pass a smaller package of spending cuts and tax reforms that would delay the economically damaging effects of the sequester for a few more months. >> secondly, the white house wanted to signal how they would like to see the rest of these budget negotiations go in 2013, not with one-on-one deal-making but passed through the regular order in congress. the president said he expects that it's g
good-bye fiscal cliff and debt ceiling, hello to the efforts of delay or suspend the "s" word, the sequester, that automatic defense and spending cut mechanism that's set to take effect on march 1st. on tuesday president obama went public for the first time in a while with his opening offer on the budget battles ahead, and today he goes behind closed doors with senate democrats in their retreat in annapolis to strategize and preview his state of the union addressch the white house...
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Feb 20, 2013
02/13
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the debt ceiling cost them $1.3 billion in borrowing costs. it cost money to plan for the contingencies they're started to plan for. >> nick, does what happens in washington give you more confidence in the economy or less confidence, and it's not surprising, a lot less confidence. >> one problem here i think is an accountability problem. i'm not sure people know who to blame for what, on what's happening right now. it is so convoluted. if you ask on your poll how many people can say what the sequester is, i would be surprised if it was a high number. so all this blame gaming is theater. but the problem is people don't know what exactly is being played. who wins, who loses. all they know is there's some kind of grade lock. this big bad thing is going to happen and it hurts them. >> we're getting word from the pentagon and they're putting out the threat of furloughs. leon panetta's still secretary of defense until they decide whether or not to confirm chuck hagel. charleston, military town, very much supported by the military. this could be wher
the debt ceiling cost them $1.3 billion in borrowing costs. it cost money to plan for the contingencies they're started to plan for. >> nick, does what happens in washington give you more confidence in the economy or less confidence, and it's not surprising, a lot less confidence. >> one problem here i think is an accountability problem. i'm not sure people know who to blame for what, on what's happening right now. it is so convoluted. if you ask on your poll how many people can say...
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May 13, 2013
05/13
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on the economy, conservatives are chomping at the bit to use the upcoming debt ceiling debate as a weapon to force new spending cuts and tax reform. the problem is, middle class americans may not see how the republican agenda helps them. in february, majority leader eric cantor suggested they have to explain why their plan is everyone, not just protecting the rich. >> for the next two years our house majority will pursue an agenda that is based on a shared vision of creating the conditions of health, prosperity for more americans and their families. >> haven't reflected the efforts to sell their policies as a benefit for the middle class, but others claim it could be done. this is how president reagan introduced his tax legislation before he signed it in 1986. >> the bill i'm signing today is not only a historic overhaul of his tax code and sweeping victory for fairness, but also the best antipoverty bill, the best pro-family measure and the best job creation program ever to come out of the congress of the united states. >> another issue fueling party divisions is climate change downplaye
on the economy, conservatives are chomping at the bit to use the upcoming debt ceiling debate as a weapon to force new spending cuts and tax reform. the problem is, middle class americans may not see how the republican agenda helps them. in february, majority leader eric cantor suggested they have to explain why their plan is everyone, not just protecting the rich. >> for the next two years our house majority will pursue an agenda that is based on a shared vision of creating the...
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Apr 23, 2013
04/13
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. >> are you willing to raise the debt ceiling if you knew the process is going to move forward even if it doesn't have a cut for every dollar that it's going up? >> there has to be a solution in place to our deficit and our debt. that's why this is an opportunity to get this job done. >> that's a high bar. you're saying the debt ceiling may not be raised if you don't have a solution in may? >> i think it is going to be very hard to get people to agree the debt ceiling unless we address our spending problems and reform our programs. >> all right. john hoeven, republican senator from north dakota, the former governor there. thank you, sir, for sharing your views. >>> remember to watch the networks of nbc universal all week long for our green week coverage from the politics of the environment, to the ways we can all work together to help go green. >>> coming up, authorities foil another terrorist plot, this one targeting passenger trains. >>> plus the road to redemption. congressman todd aiken trying to make a political comeback or just a statement? why he's just one in a long line of
. >> are you willing to raise the debt ceiling if you knew the process is going to move forward even if it doesn't have a cut for every dollar that it's going up? >> there has to be a solution in place to our deficit and our debt. that's why this is an opportunity to get this job done. >> that's a high bar. you're saying the debt ceiling may not be raised if you don't have a solution in may? >> i think it is going to be very hard to get people to agree the debt ceiling...